Sensex, Bankex analysis for 07/10/2026 (MARKET ANALYSIS)

1. Sensex (Level: 73,067) Current Bias / Trend: Bearish or consolidation below the key threshold. Short Position Strategy: Hold short positions as long as the index trades below 73,500. Conditional Long Strategy: Flip to a long-only bias only if the index breaks and sustains above 73,500. 2. Bankex (Level: 62,118) Current Bias / Trend: Bearish or under pressure below the major pivot. Short Position Strategy: Hold short positions as long as the index trades below 63,000. Conditional Long Strategy: Create long positions only if the index moves above 63,000. Summary :Both major indices are trading below their respective crucial inflection points (73,500 for Sensex and 63,000 for Bankex). The current technical stance favors holding short setups, with strict conditional triggers to shift to long positions only if these resistance levels are decisively cleared. F&O top gainer was :